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New York Life Insurance Corporation Combined Franchise Tax Return
Extracted from PDF file 2023-new-york-form-ct-33-a.pdf, last modified October 2023Life Insurance Corporation Combined Franchise Tax Return
CT-33-A Department of Taxation and Finance Life Insurance Corporation Combined Franchise Tax Return Tax Law – Article 33 Amended return All filers must enter tax period: Final return beginning Employer identification number (EIN) File number ( ending Business telephone number If you claim an overpayment, mark an X in the box. ) Legal name of corporation Trade name/DBA Mailing address State or country of incorporation Care of (c/o) Number and street or PO Box City U.S. state/Canadian province ZIP/Postal code Date of incorporation Country (if not United States) Foreign corporations: date began business in NYS For office use only If you need to update your address or phone information for corporation tax, or other tax types, you can do so online. See Business information in Form CT-1. Did any corporation in the combined group do business, employ capital, own or lease property, or maintain an office in the MCTD? (mark an X in one box) Yes No If Yes, you must file Form CT-33-M. A. Pay amount shown on line 26. Make payable to: New York State Corporation Tax Attach your payment here. Detach all check stubs. (See instructions for details.) A Payment enclosed B. Did you include a disregarded entity in this return? (mark an X in one box) ............................................................... Yes If Yes, enter the name and EIN. If more than one, attach list with names and EINs. Legal name of disregarded entity No EIN C. Are any corporations in the combined group a residual interest holder in a real estate mortgage investment conduit (REMIC)? (mark an X in one box) . ............................................................................................................. Yes No D. If the combined group consists only of unauthorized insurance corporations, mark an X in the box............................................... Amended return information If filing an amended return, mark an X in the box for any items that apply and attach documentation. Final federal determination ................. If marked, enter date of determination: NOL carryback..................................... Federal return filed: Form 1139 Capital loss carryback............................ Amended consolidated Form 1120-L Amended consolidated Form 1120-PC Net operating loss (NOL) information New York State NOL carryover total available for use this tax year from all prior tax years .................................. Federal NOL carryover total available for use this tax year from all prior tax years.......................................... New York State NOL carryforward total for future tax years.............................................................................. Federal NOL carryforward total for future tax years.......................................................................................... 430001230094 Page 2 CT-33-A (2023) Computation of tax 1 Combined allocated entire net income (ENI) from line 86. × 0.071 1 2 Combined allocated business and investment capital from line 63 . × 0.0016 2 3 Combined allocated alternative base from line 92 .......... × 0.09 3 4 Minimum tax for parent corporation only................................................................................. 4 250 00 5 Combined allocated subsidiary capital from line 52......... × 0.0008 5 6 Combined franchise tax (largest of line 1, 2, 3, or 4, plus line 5) .................................................. 6 7 Combined life insurance company premiums from line 96 (see instr.). × 0.007 7 8 Total combined tax before limitations on tax (add lines 6 and 7) ............................................... 8 9 Combined life insurance company premiums from line 100 (see instr.) × 0.015 9 10 Combined tax before EZ and ZEA tax credits (see instructions) ............................................... 10 11a EZ and ZEA tax credits claimed (enter amount from line 115; see instructions) ............................ 11a 11b Combined tax after EZ and ZEA tax credits (see instructions) ................................................... 11b 12 Combined minimum tax for subsidiaries – number of subsidiaries (see instructions) × $250 = . 12 13 Total combined tax after EZ and ZEA tax credits (add lines 11b and 12) ................................... 13 14 Combined life insurance company premiums from line 102 (see instr.) × 0.02 .......... 14 15 Combined tax (see instructions) ............................................................................................... 15 16 Tax credits (enter amount from line 116; see instructions) ............................................................. 16 17 Combined tax due (subtract line 16 from line 15; if less than zero, enter 0) .................................... 17 18 19 20 21 Total prepayments from line 114............................................................................................. 21 22a Balance (see instructions) ......................................................................................................... 22a 22b Additional amount (see instructions)..................................................................................................... 22b 22c Total before penalties and interest (see instructions)........................................................................ 22c 23 Estimated tax penalty (see instructions; mark an X in the box if Form CT-222 is attached) . ..... 23 24 Interest on late payment (see instructions) ............................................................................... 24 25 Late filing and late payment penalties (see instructions) ........................................................... 25 26 Balance due (add lines 22c through 25 and enter here; enter the payment amount on line A above) . 26 27a Overpayment (if line 17 is less than line 21, subtract line 17 from line 21) ..................................... 27a 27b Amount of overpayment previously credited to 2024 MFI (see instructions)................................. 27b 27c Balance of overpayment available (see instructions)........................................................................ 27c 28 Amount of overpayment to be credited to next period............................................................ 28 29 Balance of overpayment (subtract line 28 from line 27c) ............................................................. 29 30 Amount of overpayment to be credited to Form CT-33-M...................................................... 30 31 Refund of overpayment (subtract line 30 from line 29) ................................................................ 31 32a Refund of tax credits (see instructions) ..................................................................................... 32a 32b Tax credit to be credited as an overpayment to next year’s return (see instructions)................ 32b 33 Combined allocation percentage (from line 48)........................................................................ 33 % 430002230094 CT-33-A (2023) Page 3 This page was intentionally left blank. 430003230094 Page 4a CT-33-A (2023) Schedule A – Computation of combined allocation percentage (If you do not claim an allocation, enter 100 on line 48; see instructions) 34 New York taxable premiums (see instructions)........................................................................................................................................ 35 New York ocean marine premiums (see instructions). ............................................................................................................................ 36 New York premiums for annuity contracts and for insurance for the elderly (see instructions)............................................................... 37 New York premiums on reinsurance assumed (see instructions) ............................................................................................................ 38 Total New York gross premiums (add lines 34 through 37) ...................................................................................................................... 39 New York premiums ceded that are included on line 38 (see instructions)............................................................................................. 40 Total New York premiums (subtract line 39 from line 38) .......................................................................................................................... 41 Total everywhere premiums (see instructions)........................................................................................................................................ 42 Combined New York premium percentage (divide column E, line 40 by line 41) ....................................................................................... 43 Combined weighted New York premium percentage (multiply line 42 by nine) ........................................................................................ 44 New York wages, salaries, personal service compensation, and commissions (see instructions).......................................................... 45 Total everywhere wages, salaries, personal service compensation, and commissions (see instructions).............................................. 46 Combined New York payroll percentage (divide column E, line 44 by line 45) ........................................................................................... 47 Total combined New York percentages (add lines 43 and 46) ................................................................................................................. 48 Combined allocation percentage (divide line 47 by ten; if line 42 or 46 is 0, see instructions) ....................................................................... Schedule B – Computation and allocation of combined subsidiary capital (see instructions for each line in this schedule) 49 Average fair market value of subsidiary capital.................................................................................................................................... 50 Average value of current liabilities attributable to subsidiary capital..................................................................................................... 51 Net average fair market value of subsidiary capital.............................................................................................................................. 52 Net average value of subsidiary capital allocated to New York State (enter column E amount in the first box on line 5) ................................ Schedule C – Computation and allocation of combined business and investment capital (see instructions) 53 Average value of total assets (see instructions) ..................................................................................................................................... 54 Average fair market value adjustment (show a negative amount with a minus (-) sign) ............................................................................. 55 Average value of nonadmitted assets from annual statement (see instructions).................................................................................... 56 Total combined assets (add column E, lines 53, 54, and 55) ..................................................................................................................... 57 Average value of current liabilities (see instructions). ............................................................................................................................. 58 Total combined capital (subtract column E, line 57 from line 56) ................................................................................................................ 59 Combined subsidiary capital from column E, line 51............................................................................................................................ 60 Combined business and investment capital (subtract line 59 from line 58) ............................................................................................... 61 Average value of assets, excluding subsidiary assets included on line 51, held as reserves under New York State Insurance Law . sections 1303, 1304, and 1305 (use same method to value assets as on line 56; see instructions) ........................................................... 62 Adjusted combined business and investment capital (subtract column E, line 61 from line 60) ................................................................. 63 Combined allocated business and investment capital (multiply line 62 by the combined allocation percentage on line 48; enter here and in the first box on line 2) Schedule D – Computation and allocation of combined ENI (see instructions) 64 FTI before NOL deduction (see instructions; include disallowed dividends paid deduction: ) Additions 65 Dividends-received and other special deductions (used to compute line 64) ........................................................................................... 66 Dividend or interest income not included in line 64 (attach list; see instructions) ..................................................................................... 67 Interest to stockholders: minus 10% or $1,000, whichever is larger (see instructions). .......................................... 68 Adjustment for gains or losses on disposition of property acquired before January 1, 1974 (see instructions)...................................... 69 Deductions attributable to subsidiary capital (attach list; see instructions) ............................................................................................... 70 New York State franchise tax deducted on federal return (attach list; see instructions) ............................................................................ 71 Amount deducted on your federal return as a result of a safe harbor lease (see instructions)............................................................... 72 Amount that would have been required to be included on your federal return except for a safe harbor lease (see instructions)........... 73 Total amount of federal depreciation from Form CT-399 (see instructions) ............................................................................................ 74 Other additions (from Form CT-225-A;see instructions) ............................................................................................................................. 75 Total (add column E, lines 64 through 74) .................................................................................................................................................. 430004230094 CT-33-A (2023) Page 4b A B C D E Parent Total subsidiaries Subtotal Intercorporate Combined total (column A + column B) eliminations (column C – column D) Schedule A – Computation of combined allocation percentage (see instructions) 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 49 50 51 52 53 54 55 56 57 58 59 60 53 54 55 56 57 58 59 60 61 62 63 61 62 63 64 Additions 65 66 67 68 69 70 71 72 73 74 75 64 Schedule B – Computation and allocation of combined subsidiary capital (see instructions) Schedule C – Computation and allocation of combined business and investment capital (see instructions) Schedule D – Computation and allocation of combined ENI (see instructions) 430005230094 65 66 67 68 69 70 71 72 73 74 75 % % % % % Page 5a CT-33-A (2023) Schedule D – Computation and allocation of combined ENI (continued; see instructions) Subtractions 76 Income from subsidiary capital (attach list; see instructions) .................................................................................................................... 77 Fifty percent of dividends from nonsubsidiary corporations (attach list; see instructions) ......................................................................... 78 Gain on installment sales made before January 1, 1974 (attach list; see instructions) ............................................................................. 79 Combined New York NOL deduction (attach statement showing computation; see instructions) .................................................................. 80 Amount included on your federal return as a result of a safe harbor lease (see instructions)................................................................. 81 Amount that could have been deducted on your federal return except for a safe harbor lease (see instructions).................................. 82 Total amount of New York depreciation allowed under Article 33, section 1503(b) from Form CT-399 (see instructions) ...................... 83 Other subtractions (from Form CT-225-A; see instructions) . ..................................................................................................................... 84 Total combined subtractions (add column E, lines 76 through 83) ............................................................................................................. 85 Combined ENI (subtract line 84 from line 75) ............................................................................................................................................ 86 Combined allocated ENI (multiply line 85 by combined allocation percentage on line 48; enter here and in the first box on line 1) ..................... Schedule E – Computation and allocation of combined alternative base 87 Officer salaries and other compensation (see instructions) .................................................................................................................... 88 Combined alternative base (add column E, line 85 and line 87) ................................................................................................................ 89 Statutory deduction (see instructions) ..................................................................................................................................................... 90 Combined alternative base minus deduction (subtract line 89 from line 88) ............................................................................................. 91 Combined alternative base multiplied by 30% (multiply line 90 by 0.3) .................................................................................................... 92 Combined allocated alternative base (multiply line 91 by combined allocation percentage on line 48; enter here and in the first box on line 3) . – Schedule F – Computation of combined premiums (see instructions) Combined life insurance company premiums taxable under Article 33 section 1510 93 Life insurance premiums....................................................................................................................................................................... 94 Accident and health insurance premiums............................................................................................................................................. 95 Other insurance premiums (attach list) . ................................................................................................................................................ 96 Total combined life insurance company premiums (add column E, lines 93 through 95; enter here and in the first box on line 7) ................... Combined life insurance company premiums included in the tax limitations computed under Article 33 section 1505 97 Life insurance premiums....................................................................................................................................................................... 98 Accident and health insurance premiums............................................................................................................................................. 99 Other insurance premiums................................................................................................................................................................... 100 Total combined life insurance company premiums subject to the floor limitation on tax under section 1505(b) (add column E, lines 97 through 99; enter here and in the first box on line 9) ............................................................................................... Insurance corporations who receive more than 95% of their premiums from: 101 Annuity contracts, ocean marine insurance, and group insurance on the elderly (see instructions)....................................................... 102 Total combined life insurance company premiums subject to the limitation on tax under section 1505(a)(2) (add lines 100 and 101, column E; enter here and in the first box on line 14).................................................................................................................................. 103 104 105 430006230094 CT-33-A (2023) Page 5b A Parent B Total subsidiaries C Subtotal D Intercorporate eliminations (column A + column B) Schedule D – Computation and allocation of combined ENI (continued; see instructions) Subtractions 76 77 78 79 80 81 82 83 84 85 86 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 87 88 89 90 91 92 Schedule E – Computation and allocation of combined alternative base Schedule F – Computation of combined premiums (see instructions) E Combined total (column C – column D) Combined life insurance company premiums taxable under Article 33 section 1510 93 93 94 94 95 95 96 96 Combined life insurance company premiums included in the tax limitations computed under Article 33 section 1505 97 97 98 98 99 99 100 Insurance corporations who receive more than 95% of their premiums from: 101 100 102 102 101 103 104 105 Composition of prepayments (see instructions) 106 107 108 109 110 111 112 113 114 Date paid Mandatory first installment of combined group from Form CT-300 (see instructions). 106 Second combined group installment from Form CT-400........................... 107 Third combined group installment from Form CT-400............................... 108 Fourth combined group installment from Form CT-400............................ 109 Payment with extension request from Form CT-5.3, line 8....................... 110 Overpayment credited from prior year’s combined return (see instructions).............................. 111 Overpayment credited from Form CT-33-M Period ........................................... 112 Total prepayments from subsidiaries not previously included in combined return................... 113 Total prepayments (add lines 106 through 113; enter here and on line 21) ...................................... 114 430007230094 Amount Page 6 CT-33-A (2023) Summary of tax credits claimed against current year’s franchise tax: Has any member of the combined group that is claiming tax credits (or has an entity of which such member is an owner) been convicted of an offense defined in New York State Penal Law Article 200 or 496, or section 195.20? (see Form CT-1; mark an X in one box) . .................................................................................................. Yes No EZ and ZEA tax credits (attach appropriate form for each credit claimed) Form CT-601... Form CT-602....... 115 Total EZ and ZEA tax credits claimed above; amount cannot reduce the tax to less than the minimum tax (enter here and on line 11a; see instructions) .................................................. 115 Tax credits (attach appropriate form or statement for each credit claimed) Fire insurance premiums tax credit.............. Form CT-611.1. Form CT-33-R Form CT-611.2. Form CT-33.1 Form CT-612... Form CT-33.2 Form CT-613... Form CT-41... Form CT-631... Form CT-43... Form CT-633... Form CT-44... Form CT-634... Form CT-238 Form CT-643... Form CT-249 Form CT-651... Form CT-250 Form CT-652... Form CT-501. Form CT-662... Form DTF-624. Form CT-604. Form DTF-630. Form CT-606. Other credits.... Form CT-607. Form CT-611... 116 Total tax credits claimed above; do not include EZ and ZEA tax credits claimed on line 115 (enter here and on line 16; see instructions) ................................................................. 116 117 Total tax credits claimed above that are refund eligible (see instructions) ................................. 117 118 If any member in the combined group is a captive REIT or captive RIC, mark an X in the box (see instructions for definitions)....... Primary corporation name (if a member of an affiliated group) EIN Parent corporation name (if more than 50% owned by another corporation) EIN Designee’s name (print) Third – party Yes No designee Designee’s email address Designee’s phone number ( (see instructions) ) PIN Certification: I certify that this return and any attachments are to the best of my knowledge and belief true, correct, and complete. Authorized person Paid preparer use only (see instr.) Printed name of authorized person Signature of authorized person Email address of authorized person Firm’s name (or yours if self-employed) Signature of individual preparing this return Email address of individual preparing this return See instructions for where to file. 430008230094 Official title Telephone number ( Address ) Firm’s EIN Date Preparer’s PTIN or SSN City Preparer’s NYTPRIN State or Excl. code Date ZIP code
Form CT-33-A Life Insurance Corporation Combined Franchise Tax Return Tax Year 2023
More about the New York Form CT-33-A Corporate Income Tax TY 2023
We last updated the Life Insurance Corporation Combined Franchise Tax Return in January 2024, so this is the latest version of Form CT-33-A, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-33-A directly from TaxFormFinder. You can print other New York tax forms here.
Related New York Corporate Income Tax Forms:
TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New York Form CT-33-A.
| Form Code | Form Name |
|---|---|
| Form CT-33-D | Tax on Premiums Paid or Payable To an Unauthorized Insurer-For Taxable Insurance Contracts with an Effective Date on or after July 21, 2011.See TSB-M- |
| Form CT-33-NL | Non-Life Insurance Corporation Franchise Tax Return |
| Form CT-33 | Life Insurance Corporation Franchise Tax Return |
| Form CT-33-A/ATT | Schedules A, B, C, D, and E - Attachment to Form CT-33-A |
| Form CT-33-A/B | Subsidiary Detail Spreadsheet |
| Form CT-33-C | Captive Insurance Company Franchise Tax Return |
| Form CT-33-M | Insurance Corporation MTA Surcharge Return |
| Form CT-33-R | Claim for Retaliatory Tax Credits |
| Form CT-33.1 | Claim for CAPCO Credit |
View all 272 New York Income Tax Forms
Form Sources:
New York usually releases forms for the current tax year between January and April. We last updated New York Form CT-33-A from the Department of Taxation and Finance in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New York Form CT-33-A
We have a total of thirteen past-year versions of Form CT-33-A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form CT-33-A
Form CT-33-A Life Insurance Corporation Combined Franchise Tax Return Tax Year 2023
2022 Form CT-33-A
Form CT-33-A Life Insurance Corporation Combined Franchise Tax Return Tax Year 2022
2021 Form CT-33-A
Form CT-33-A Life Insurance Corporation Combined Franchise Tax Return Tax Year 2021
2020 Form CT-33-A
Form CT-33-A Life Insurance Corporation Combined Franchise Tax Return Tax Year 2020
2019 Form CT-33-A
Form CT-33-A:2019:Life Insurance Corporation Combined Franchise Tax Return:ct33a
2018 Form CT-33-A
Form CT-33-A:2018:Life Insurance Corporation Combined Franchise Tax Return:ct33a
2017 Form CT-33-A
Form CT-33-A:2017:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2016 Form CT-33-A
Form CT-33-A:2016:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2015 Form CT-33-A
Form CT-33-A:2015:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2014 Form CT-33-A
Form CT-33-A:2014:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2013 Form CT-33-A
Form CT-33-A:2013:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2012 Form CT-33-A
Form CT-33-A:2012:Life Insurance Corporation Combined Franchise Tax Return:CT33A
2011 Form CT-33-A
Form CT-33-A:2011:Life Insurance Corporation Combined Franchise Tax Return:CT33A
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